Influence of Financial Literacy and Risk Perception on Choice of Investment
By Selim Aren, A. Zengin. 2016
168 citations recorded by the source corpus.
Abstract During recent years, variables affecting the investment preferences of individual investors are an issue attracting the attention of financial researchers. In this research, we investigate variables which are affecting investment preferences of individual investors. Personality trait is not an important variable, but on the other hand our evidence shows that level of financial literacy and risk perception are important. Besides, risk perception is also affected by financial literacy and gender, but marital status is not effective at the same level.
Subfields: Accounting, Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/e15f71abf8e4c3d76a12fd280d00a5fa6debe373
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In Accounting
In Economics and Econometrics
Citations in the corpus
- The influence of risk perception, risk tolerance, overconfidence, and loss aversion towards investment decision making (2019, background): “Investors with a lower risk perception tend to choose to invest in high-risk stocks, compared to deposits with low risk (Aren & Zengin, 2016; Keller & Siegrist, 2006).”